FabSwingers.com forum: State pension

By (user no longer on site) OP
over a year ago

I haven't had much luck with work and so relying on a state pension. Not sure if many others are in the same boat. Is it ok to live on or is it a bit crap?

I am currently working for local government but via an agency. I am looking for a job and have an interview, the main reason I'd take the job offer is it's proper employment with a different council and a pension! Even though it's just for 7 years I thought it's better than nothing

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By *otsossieMan
over a year ago

local, but not too local

It’s buttons. I have no idea how anybody lives on it.

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By *lowercandyWoman
over a year ago

Lancashire

"I haven't had much luck with work and so relying on a state pension. Not sure if many others are in the same boat. Is it ok to live on or is it a bit crap?

Basically plan to work till you drop

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By *ent in BlackMan
over a year ago

Silsden

I’m glad I’m a teacher with a good pension, I really sympathise with people on state pension.

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By (user no longer on site)
over a year ago

I got out of work early and was surprised how much my works pension was just got wait for my OAP now from goverment

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By *otsossieMan
over a year ago

local, but not too local

Just checked and it’s just over 7 grand a year.

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By *arkus1812Man
over a year ago

Lifes departure lounge NN9 Northamptonshire East not West MidlandsMidlands

The amount of State Pension one receives is based on your National Insurance contributions during your working life.

If you include my winter heating payment my state pension is in excess of £11k, reason it is well above basic pension is the various gimmicks during my life time such as Graduated Pension. SERPs and various othe items.

I am fortunate in that I am mortgage free and receive a number of private pensions.

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By *abioMan
over a year ago

Newcastle and Gateshead

It’s my department that can get you a state pension forecast.. I would say give us a call (can’t put the number here but look on the uk government website!)

Normally we would not be busy this time of year.. but Martin Lewis has been telling everyone to call us so we are absolutely rammed at the moment!!

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex

I would recommend that you take the job with the pension. Seven years is better than nothing. The state pension will not allow you to live well.

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By *tooveMan
over a year ago

belfast

Do you not have to be at least 65 to get the state pension?

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex

"Do you not have to be at least 65 to get the state pension?"

66 now

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By *ichaelangelaCouple
over a year ago

notts

"I would recommend that you take the job with the pension. Seven years is better than nothing. The state pension will not allow you to live well."

And pay in extra if you can

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex

"Do you not have to be at least 65 to get the state pension?"

I think the op means he will be relying on the state pension when he reached retirement age as he hasn't been able to take out a private one to supplement it

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By *tooveMan
over a year ago

belfast

"Do you not have to be at least 65 to get the state pension?

I think the op means he will be relying on the state pension when he reached retirement age as he hasn't been able to take out a private one to supplement it"

Right. Thought he meant now. Think it's 67 for me. Can only see it decreasing.

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By (user no longer on site)
over a year ago

will be working till i die .

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By *ictoria_1976TV/TS
over a year ago

Lanson

"will be working till i die ."

Same here

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By *den-Valley-coupleCouple
over a year ago

Cumbria

Being self employed hou should get more money for you to plan your own retirement

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By *andyfloss2000Woman
over a year ago

ashford

I'm retiring next July and hoping to live on it! As have no private pensions! Depends on your life style! I'm only on low wage now think it will match that so will b OK x

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By *oroRick1027Man
over a year ago

Middlesbrough

"Just checked and it’s just over 7 grand a year. "

£9,704 actually. £746.48 every 4 weeks

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By *avexxMan
over a year ago

cheshire

im lucky i have three final salary pensions which will top up my state pension,,

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By (user no longer on site)
over a year ago

"I'm retiring next July and hoping to live on it! As have no private pensions! Depends on your life style! I'm only on low wage now think it will match that so will b OK x"

You will have a pension from your current job as it's been mandatory for a few years now. Definitely worth checking that out.

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By (user no longer on site)
over a year ago

"Just checked and it’s just over 7 grand a year.

£9,704 actually. £746.48 every 4 weeks"

It really isn't very much but you can also get pension credits to top that up.

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By (user no longer on site)
over a year ago

[Removed by poster at 07/11/22 18:36:35]

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By *oroRick1027Man
over a year ago

Middlesbrough

"Just checked and it’s just over 7 grand a year.

£9,704 actually. £746.48 every 4 weeks"

I'm also about to receive £500 Winter fuel payment

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By *andyfloss2000Woman
over a year ago

ashford

"Just checked and it’s just over 7 grand a year.

£9,704 actually. £746.48 every 4 weeks"

Same as my wage then x

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By *oroRick1027Man
over a year ago

Middlesbrough

"Just checked and it’s just over 7 grand a year.

£9,704 actually. £746.48 every 4 weeks

It really isn't very much but you can also get pension credits to top that up. "

Pension credits only top up the old pension to the £746.48 that I'm on

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By (user no longer on site)
over a year ago

If you are fully paid in, you will currently get £185.15 a week (9.6k a year)

You can purchase incomplete years for £800/900 to top up. You can go back 2 years i think

As of last month you needed 35 years i think for full entitlement

I think personal allowance is around £12k pa before you start paying tax on earnings

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By (user no longer on site)
over a year ago

[Removed by poster at 07/11/22 18:37:18]

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By (user no longer on site)
over a year ago

"Just checked and it’s just over 7 grand a year.

£9,704 actually. £746.48 every 4 weeks

It really isn't very much but you can also get pension credits to top that up.

Pension credits only top up the old pension to the £746.48 that I'm on"

Oh I see, so that's if you dont get full entitlement?

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By *andyfloss2000Woman
over a year ago

ashford

I must phone the pension people and check or do it online as 8 months is not long! I know I will b short as I worked in school kitchens for 9 years and we were only employed 38 weeks or somthing like that and was meant to buy stamp for extra weeks but I never did x

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By *oroRick1027Man
over a year ago

Middlesbrough

"Just checked and it’s just over 7 grand a year.

£9,704 actually. £746.48 every 4 weeks

It really isn't very much but you can also get pension credits to top that up.

Pension credits only top up the old pension to the £746.48 that I'm on"

I'm quite lucky, I also have a private pension of £102 a month.

I live in a rented studio flat which costs £450 a month. That includes Gas,Electric,Water rates,Poll tax,TV licence and Broadband

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By (user no longer on site)
over a year ago

"I must phone the pension people and check or do it online as 8 months is not long! I know I will b short as I worked in school kitchens for 9 years and we were only employed 38 weeks or somthing like that and was meant to buy stamp for extra weeks but I never did x"

If you can afford it, i would encourage you to top it up x

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By *avexxMan
over a year ago

cheshire

i do hope state penion gets the triple lock this time what they promised,, which would be ten percent rise,, inline with inflation

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By (user no longer on site)
over a year ago

You will 100% have pensions that you don't know about. Even if they are only small it's definitely worth having. I can't remember when it started but it was mandatory that employers had to pay into a pension and you had to match it unless you opt out but I don't know if you can do that it's definitely been in place for at least 6 years. Also when I have worked in schools I haven't had top up the missing weeks but it might have been different years ago I'm not sure.

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By *andyfloss2000Woman
over a year ago

ashford

If you can afford it, i would encourage you to top it up x"

I won't b able to will hopefully get pension credit but I'm not going to worry as I'm not staying past retirement age x

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By (user no longer on site)
over a year ago

"Just checked and it’s just over 7 grand a year.

£9,704 actually. £746.48 every 4 weeks

It really isn't very much but you can also get pension credits to top that up.

Pension credits only top up the old pension to the £746.48 that I'm on

I'm quite lucky, I also have a private pension of £102 a month.

I live in a rented studio flat which costs £450 a month. That includes Gas,Electric,Water rates,Poll tax,TV licence and Broadband"

We are quite lucky too as we live in a very cheap property (for London) with low bills.

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By *andyfloss2000Woman
over a year ago

ashford

Yes they came through this year had 3 worth nit much so had the cash think about 700 each one x

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By (user no longer on site)
over a year ago

Yes they came through this year had 3 worth nit much so had the cash think about 700 each one x"

Oh I see, You will have one with your current employer too so it's definitely worth investigating.

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By *andyfloss2000Woman
over a year ago

ashford

Yes they came through this year had 3 worth nit much so had the cash think about 700 each one x

Oh I see, You will have one with your current employer too so it's definitely worth investigating. "

Had that one 2!

for some reason got it at 65 x

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By *andyfloss2000Woman
over a year ago

ashford

I'm lucky in that I have 2 adult children that earn good wages still live home so have their rent and when they go will take lodger or students am a great beliver in something will turn up allways has done over the years I'm not one to worry about things x

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By *abioMan
over a year ago

Newcastle and Gateshead

"If you are fully paid in, you will currently get £185.15 a week (9.6k a year)

You can purchase incomplete years for £800/900 to top up. You can go back 2 years i think

As of last month you needed 35 years i think for full entitlement

I think personal allowance is around £12k pa before you start paying tax on earnings "

Not quite… I don’t want to give out financial advice so I will say that… best thing to do is to get a state pension estimate from the future pension centre, at the moment if you are short of the full amount you can pay any gaps in your ni record as far back as 2006 if needed, but, in April the rules changed where you would only be able to pay back the last 6 years! Which is why Martin Lewis is trying to get everyone to call us!

The 35 years only applies if you have never been contacted out of the State pension… but there are as many people who will need more than 35 years as will need less!

Best thing is once you have gotten your state pension estimate, give us a call to make sure you understand it correctly

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By *JB1954Man
over a year ago

Reading

I did put on another thread about state pension. Mine is above the stated . This due to SERPS etc. I have other , private / company pensions. These I pay approx 20% tax on each one.

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By *d59michelleTV/TS
over a year ago

walsall

Phone busy? You can check your entitlement on the .gov website

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By *icketysplitsWoman
over a year ago

Way over Yonder, that's where I'm bound

"It’s my department that can get you a state pension forecast.. I would say give us a call (can’t put the number here but look on the uk government website!)

Normally we would not be busy this time of year.. but Martin Lewis has been telling everyone to call us so we are absolutely rammed at the moment!!

I'll wait until the rush dies down (or dies off).

I believe I'd paid the maximum contribution but better to check than miss out on the money when I'll need it.

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By *abioMan
over a year ago

Newcastle and Gateshead

"Phone busy? You can check your entitlement on the .gov website "

You can do this if you have a government gateway ID… but i would still give us a call ( well HMRC are going to tell you to call us) before you think about handing over any money

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By *ris GrayMan
over a year ago

Dorchester

"I haven't had much luck with work and so relying on a state pension. Not sure if many others are in the same boat. Is it ok to live on or is it a bit crap?

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By *d59michelleTV/TS
over a year ago

walsall

"Phone busy? You can check your entitlement on the .gov website

You can do this if you have a government gateway ID… but i would still give us a call ( well HMRC are going to tell you to call us) before you think about handing over any money "

I used it to check the status of my NI contributions

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By (user no longer on site)
over a year ago

I,m only going to get a state pension..my mortgage will be paid off by then though.

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By *irkby coupleCouple
over a year ago

Kirkby

Why is the job only for 7 years?

Do you plan on retiring in 7 years or is it a 7 year contract?

You can stay on as long as you like, you don’t have to go at retirement age.

We had a night out last month for a work mates 70th, and we have another night out for another work mates 70th early Dec.

Is there any reason why you can’t work later?

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